A blog about Marinwood-Lucas Valley and the Marin Housing Element, politics, economics and social policy. The MOST DANGEROUS BLOG in Marinwood-Lucas Valley.

Friday, August 26, 2016

Marin Supervisor Kinsey wants to tax YOUR home equity!

Supervisor Steve Kinsey wants to tax home equity at the time of sale to create a massive fund to build tax subsidized apartments. The chief benefactors of his scheme are affordable housing developers, financiers and the poor. He would take from literally EVERY retiree and investor in Marin to pay for this housing scheme. The middle class homeowner and retiree would be hurt the most since few have outside investments and do not receive a guaranteed government pension. Video from the 8/23/2016 Board of Supervisors meeting. See link in video for full meeting.

About SaveMarinwood.org

Our community is what we make it. Marinwood-Lucas Valley is on the eve of a fateful decision by the Marin County Board of Supervisors to designate our community with 71% of all affordable housing in unincorporated Marin. If built to plan it will swell our community by 25% and add 600-1000 school children to the Dixie School District. Since affordable housing developments pay virtually no taxes, the community will have to pay for the $6 million to $10 million annually estimated to educate these children. Our total budget for the Marinwood CSD is $4.2 million dollars. Clearly it will have a severe impact on our community.

We support a fair allocation of affordable housing in our community that is sensitive to land use, is fiscally responsible, healthy for the families and integrates diversity within our community.

Unfortunately, planners, politicians and political insiders made their plans without us.